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Apr 27 - 01:55 PM

USD/CAD - Eyes 2022 High Just Above 1.29 Amid Broad USD Haven Bid

By Paul Spirgel  —  Apr 27 - 12:00 PM
  • USD/CAD higher into Europe close +0.13% at 1.2840; Wed range 1.2855-1.2780

  • Commods slip a touch, CAD dips on broad USD haven buying amid Russia angst

  • $CAD res at 1.2855 Wed high, 1.2898 upper 21-w Bolli, 200-WMA at 1.3045 caps

  • Supt at 1.2780, Wed low, 1.2714 daily cloud top, 10-DMA at 1.2664

  • With BoC keeping pace w/Fed hikes in 2022 CAD weakness may be short-lived

CAD Chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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